SHOCKER: Mayor Will Raise No Taxes During His Gubernatorial Campaign
Posted on May 1, 2009 at 1:13 pmFrom Hayes Hickman:
Knoxville Mayor Bill Haslam unveiled his new budget this afternoon and, as expected, does look like the current budget.
The $165.3 million budget does not contain any new taxes.
A $3 million revenue shortfall has been shored up by cutting expenses by $3 million. He also said the city will not have to dip into its fund balance for operating expenses.
Coop Likes The Ugly
Posted on February 27, 2009 at 8:33 amNashville’s congressman on the Obama budget:
“This is more honest than any budget in many, many years,” Mr. Cooper said. “That also means it’s also ugly. I welcome the honesty. I think it’s time for Americans to grapple with fundamental problems and not pretend that wars are free and things like that.”
UPDATE: Theobold
Governor Doesn’t Think Obama’s Impressive And Substantial Stimulus Package Will ‘Bring Us All The Way Home’
Posted on January 30, 2009 at 8:44 amFrom Andy Sher:
He later told reporters that lawmakers and state officials shouldn’t think the state’s budget woes are going away because of the stimulus.
“It would be really crazy of us to take this money and then forget about any other savings because we could find ourselves in two years with the same problem all over again and the federal government isn’t there to help us,” he warned.
MORE BUDGET NEWS:
Schelzig
The Woodsman
R. Neal
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He Don’t Want Their Kind Of Help
Posted on December 19, 2008 at 7:35 amRep. Stacey Campfield sees a possible federal “bailout” of states as a potentially bad thing for Tennessee:
Lets just say that works itself out. Budget is balanced or pretty close to it. Maybe Even a little surplus. In steps Obama and the deficit spending Washington Democrats. They pass his huge spending program/state bailout. The state suddenly get a windfall of (some estimate) $400 million. That puts the state at least $400 mill in the plus late in the year. Possibly even as session gets close to end. Phil will want to re expand programs or go on a spending spree but the votes may be a little tougher to get this time. By already having a budget, with no educatin cuts, it is proven it can be done and the government does not truly need to be as big as it is. Many Republicans have supported the idea of when their is a sudden surplus when the legislature is out of session that instead of giving it to the governor to do campaign road projects with that it should go into a fund to be voted on by the legislature or to remove taxes.
We could go on a spending spree as we have in years past or we could make a strong statement that a new day has truly come to Nashville. What kind of statement could we make with $400 million that would help every single Tennessean?
Bredesen Says Budget Situation Not So Bad
Posted on December 18, 2008 at 3:30 pmJeff Woods reports:
“We actually could end up with a decent year,” the governor told reporters in a surprisingly upbeat report on the latest budget maneuverings. “There will be budget cuts everywhere, but it could be 6 or 7 or 8 percent, and there you’re not talking about layoffs anymore. You’re not talking about closing down major programs or something like that.”
SEE ALSO:
The TV eye candy
Buttorff
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Coop For Strongman
Posted on May 27, 2008 at 3:12 pmSean Braisted, after listening to a presentation given by Congressman Jim Cooper, notes the correlation between our system of government and our economic problems:
Perhaps this is a problem inherent within a democratic republic. Politicians are making decisions based on the ‘feelings’ of their constituents rather than hard-headed statistical data. As an example, China wouldn’t dare think about mothballing a multi-billion dollar project like Yucca Mountain because a few local residents had irrational fears…yet in our system of government if enough people have irrational fears, they are then justified by political leaders who put re-election above the good of our nation as a whole.
The FONCE Is Dead
Posted on May 14, 2008 at 7:00 pmFifteen million dollars worth of “technical correction” just went out the window according to John Rodgers:
The provision would have eliminated a tax break for commercial real estate holdings of Family Owned Non-Corporate Entities, or FONCEs. A limited liability company is a non-corporate entity.
Business lobbyists and some like-minded lawmakers have targeted that section of the Bredesen administration’s so-called “technical corrections bill,” saying it would be a tax increase on some small businesses.
The administration says it would only hurt wealthy families.
But apparently the business lobby won the fight as the provision was taken out of the technical corrections bill today.
SEE ALSO: Whitehouse on FONCE
Tom Humphrey
WPLN
Andy Sher
TNGOP Engages In “Class Warfare” Over Budget
Posted on May 7, 2008 at 2:39 pmGOP Communications Czar Bill Hobbs throws a little dust on the Governor for announcing employee layoffs for workaday bureaucrats while leaving his top dog political appointees’ pay raises intact:
“Upper management making out like bandits and getting lavish party facilities while the rank-and-file stand to lose everything.Gov. Bredesen promised voters he’d run Tennessee like a business. We didn’t know he meant Enron,” said Hobbs.
Budget Breakdown
Posted on at 12:18 pmTom Humphrey breaks down the proposals the Governor outlined in his press conference today at the Capitol:
Gov. Phil Bredesen is proposing elimination of 2,011 state government jobs, roughly 5 percent of the executive branch work force.
He’s hopeful that most of the reductions can occur through voluntary buyouts.
The governor said in a press conference this morning the layoffs will provide about $64 million of the $468 million in cuts needed to trim his original budget plan, outlined earlier this year.
The $468 million figure is the low end of the shortfall projected by the State Funding Board, whose economists said it could grow to as much as $580 million.
Bredesen said his planned cuts would need to be revisited if the most optimistic deficit projection falls through.
He said he has asked higher education to make $55 million in cuts but will let the University of Tennessee and Board of Regents systems decide specifics.
SEE ALSO:
John Rodgers
Andy Sher
WSMV
AP
Cara Kumari
WKRN
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